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Crypto

Strike founder Jack Mallers steps down as Twenty One CEO, merger plan halted

Jack Mallers (잭 말러스) has stepped down as chief executive of Twenty One Capital to focus on bitcoin payments firm Strike, which he founded and runs. His departure also halted a merger plan being reviewed by Twenty One and Strike, CryptoSlate reported. Board member Rafael Zagury will succeed him, and Tether said the handover is being carried out in an orderly way. Twenty One held 43,514 bitcoin valued at about $2.95 billion as of March 31.

Crypto

Tether seeks Bitcoin-native USDT issuance using RGB protocol

Tether is pushing to issue its dollar-pegged stablecoin USDT natively on Bitcoin using the RGB protocol, with a launch possibly this month and exchanges and wallets working on integration. The project uses RGB v0.11.1 developed by UTEXO, which will handle issuance and distribution with Tether. Supporters say linking RGB with the Lightning Network can enable fast transfers while using Bitcoin security, but analysts warn Tron’s entrenched payment infrastructure and liquidity could make competition difficult.

Crypto

Radar Chat lets users send bitcoin like texts without opening a wallet app

A mobile messenger that combines encrypted messaging and bitcoin payments in a single app has emerged. Radar Chat is designed to let users send and receive bitcoin directly in chat windows without opening a separate wallet app or copying wallet addresses. It uses the Lightning Network and has tested payments up to $5,000. The app adopts a self-custodial structure in which users hold their own private keys and receive a seed phrase for recovery.